NKLA - What's Going On With EV-Maker Nikola Stock? | Benzinga
Nikola Corporation (NASDAQ:NKLA) shares are trading higher Monday with other EV stocks. Here’s a look at what’s going on.
The Details:
Shares of many EV makers are trading higher Monday, and investors are buzzing about a report from CleanTechnica which states that full battery-electric vehicle sales rose by 29% year-over-year in the fourth quarter of 2023.
Last Wednesday, Baird analyst Ben Kallo initiated coverage on Nikola with an Outperform rating and announced a price target of $2. The analyst noted potential catalysts ahead for Nikola’s EV truck and energy businesses in the form of manufacturing ...